Commodity Trade Mantra

Posts Tagged ‘Credit Card Debt’

Gold and Silver Money Has Devolved Into Debt and Plastic

Gold and silver were supposedly no longer needed in the financial system & gold has become a “traditional” asset, taxed like an investment & is no longer considered an alternate currency. The Chinese, Russians, Arabs & Indians disagreed, but gold and silver prices have been “managed” so westerners would not lose confidence in the paper & digital replacements for real money.

Ballooning Student Debt Levels will Usher in New QE

Today almost a third of student debt is going unpaid. The White House’s solution is to revisit bankruptcy laws surrounding student debt. It is looking like a new bill will be passed, one that will restructure student debt laws. Get ready for the next wave of QE, the next wave of money printing. QE to infinity continues.

JPMorgan Agrees to London Whale Fines, Said to Admit Fault

JPMorgan has agreed to pay about $800 million to a host of government agencies and make an admission of wrongdoing – Even so, it seems unlikely that JPMorgan will be able to close the chapter on the case known as the London Whale just yet.

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